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. >> when we come back at 6:00 the president draws a new line in the sand on america's debt ceiling. what happens if the limit isn't lifted? who will feel it first? >> a gun buy back. it's not just weapons they're after. a poll revealing hows&á america feels about gun control. >> and the internet hero who took his life in the middle of a new campaign for social justice, online. stay with us. the ne hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> president obama insists he will not negotiate with white house rinz over the debt keeling and says the full faith and credit of the united states will not be a bargaining chip. abc 7 news mark matthews is here with the challenge that the president is facing on this. >> the president says concept understand.jjw that is not what we found and the challenge facing the president is one that he began to address this morning. president told reporters raising th
. >> when we come back at 6:00 the president draws a new line in the sand on america's debt ceiling. what happens if the limit isn't lifted? who will feel it first? >> a gun buy back. it's not just weapons they're after. a poll revealing hows&á america feels about gun control. >> and the internet hero who took his life in the middle of a new campaign for social justice, online. stay with us. the ne hmm, it says here that cheerios helps lower cholesterol as part of a heart...
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Jan 14, 2013
01/13
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Jan 15, 2013
01/13
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. >> president obama making his case for raising the debt ceiling. this morning the president says he will negotiate on spending cuts but not on the debt ceiling. mark matthews is here now with more on what sat stake. >> republicans in the house say they won't raise the debt gmu and president agree to corresponding cuts. the president outlined the stake autos the president began by defining the issue. >> debt keeling is not a question of authorizing more spending. it allows the country to pay for spending that congress is committed to. >> he said americans understand the concept. >> you don't go out to dinner and... then, you know eat all you want. and then... leave without paying a check. >> if you do that, it's against the law, said the president. he added if congress fails to raise the debt ceiling american people will pay the price. >> social security checks and veteran benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owner autos again and again, the president repeated the fact raising th
. >> president obama making his case for raising the debt ceiling. this morning the president says he will negotiate on spending cuts but not on the debt ceiling. mark matthews is here now with more on what sat stake. >> republicans in the house say they won't raise the debt gmu and president agree to corresponding cuts. the president outlined the stake autos the president began by defining the issue. >> debt keeling is not a question of authorizing more spending. it allows...
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keel oogt debt ceiling shudz not be something that is used as a gun against the heads of the american people to extract tax breaks for jet owners. >> the speaker of the house received an answer to his tweet asking why job creation is slow. the president admitted it wasn't fast enough. >> and facebook ceo uncovered a partnership with skype. 750 people now use facebook and share 4 billion things per day. zuckerberg explains how they're going to be able to chat through facebook. >> i can call and go to peter's profile. and if he has not install aid plug in to do video chat yerkts goik and click call him. and something will pop up on his screen. and this says mark is calling him. he can click to down load the plug in, it takes 10-20 skpekdz we're video chatting. >> and facebook will introduce a group chat feature and will allow you to create a group to message a group of friends. >> history there and here, there is a landmark bill to control health insurance rates came up today. and michael finney is here to explain. >> there is potential and a lot of debate, and in the senate committee a
keel oogt debt ceiling shudz not be something that is used as a gun against the heads of the american people to extract tax breaks for jet owners. >> the speaker of the house received an answer to his tweet asking why job creation is slow. the president admitted it wasn't fast enough. >> and facebook ceo uncovered a partnership with skype. 750 people now use facebook and share 4 billion things per day. zuckerberg explains how they're going to be able to chat through facebook....
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president biden tonight warning of dire consequences if the debt ceiling is not raised. republicans say they will not budge. after raising the debt ceiling multiple times under president trump, when a reported $7.8 trillion was added to the debt. here's our chief white house correspondent cecilia vega tonight. >> reporter: with just two weeks until the u.s runs out of money to pay its bills, president biden today sounding the alarm, saying if that happens, it would be like a meteor crashing into the economy. >> it starts with the simple truth. the united states is a nation that pays its bills and always has. from its inception, we have never defaulted. >> reporter: the president warning of dire consequences. interest rates would soar and stock prices would plunge, sending markets into free fall. military salaries frozen. social security benefits on hold. millions of jobs lost. congress has until october 18th to raise the debt ceiling, but republicans refuse to budge. senate minority leader mitch mcconnell today sending a letter to president biden saying democrats are on
president biden tonight warning of dire consequences if the debt ceiling is not raised. republicans say they will not budge. after raising the debt ceiling multiple times under president trump, when a reported $7.8 trillion was added to the debt. here's our chief white house correspondent cecilia vega tonight. >> reporter: with just two weeks until the u.s runs out of money to pay its bills, president biden today sounding the alarm, saying if that happens, it would be like a meteor...
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Jul 25, 2011
07/11
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debt ceiling. the government could default on the debt for the first time ever if a deal is not reached by august 2nd. they want to see the debt limit increased by next year. gop only wants to extend the debt ceiling for a short period. >> they have to go through this exercise all over again. >> i know the president is worried about his next election, my god, shouldn't he be worried about the country? >> the current debt limit stands at $14 trillion. they say a default could drive up interest rates and hurt america's economic recovery. >> let's check the forecast here and see what things are like as we start a new week. >> we definitely have some drizzle out there. >> we have a stronger onshore wind. you can see it on the satellite, that breeze coming in off the ocean bringing some extra moisture with it. that is why we have the clouds and drizzle this monday rng. good morning to you. this will be mainstay today and tomorrow but as we look ahead of the forecast we'll start to lose some of that. sum
debt ceiling. the government could default on the debt for the first time ever if a deal is not reached by august 2nd. they want to see the debt limit increased by next year. gop only wants to extend the debt ceiling for a short period. >> they have to go through this exercise all over again. >> i know the president is worried about his next election, my god, shouldn't he be worried about the country? >> the current debt limit stands at $14 trillion. they say a default could...
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Jul 25, 2021
07/21
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they're saying wait, you want to do the debt ceiling too. show us you're willing to be bipartisan. >> the politics of both caucuses are totally different. at the end of the day the election in 2022, that's not far off for anybody in that chamber, and that's okay. it's won in swing states by swing voters. then in that sense bipartisanship is unbelievably popular, as popular as the content of the bill. the second thing i'll tell one little story. i remember when we were working on aca and nancy pelosi was trashing the senate health care bill. then sat down and said we're going to pass it. in my view, she has fundamental tings she has to speak up for her caucus otherwise she's not the leader of it, as well as the leader of the chamber. she's making clear those things while those things are happening in the senate. >> are you confident on the senate side that senator manchin and senator sinema are going to vote for reconciliation? >> i am. the most important thing senator manchin has said is i want president biden to be a success. that translate
they're saying wait, you want to do the debt ceiling too. show us you're willing to be bipartisan. >> the politics of both caucuses are totally different. at the end of the day the election in 2022, that's not far off for anybody in that chamber, and that's okay. it's won in swing states by swing voters. then in that sense bipartisanship is unbelievably popular, as popular as the content of the bill. the second thing i'll tell one little story. i remember when we were working on aca and...
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ceiling will say i've raided the debt ceiling but voted to cut spending. you'll see that happen rapidly because of the pressure applied. >> amy, last word on the debt ceiling. >> i think that major is right this. this is going to be a very interesting test. sort of a game of chickening. i think there are a lot of republicans out there right now hoping they can take a symbolic vote because somebody else will be the adult and do that. you may see it based on when you're up for re-election, the house obviously every two years but in the senate, you know, who is most worried about a tea party challenge, maybe the folks that can take a pass on that. >> a lot of americans out there are still struggling with the snowdrifts outside their front door. and a want to play for you a clip from "world news tonight" in 1996 that gets at the politics of snow. >> this is one of those days where the only person who wants to be out in front of a snowplow is the local politician who will be crucified if he fails to deal with the snow emergency. >> if you don't handle it, peopl
ceiling will say i've raided the debt ceiling but voted to cut spending. you'll see that happen rapidly because of the pressure applied. >> amy, last word on the debt ceiling. >> i think that major is right this. this is going to be a very interesting test. sort of a game of chickening. i think there are a lot of republicans out there right now hoping they can take a symbolic vote because somebody else will be the adult and do that. you may see it based on when you're up for...
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Sep 28, 2021
09/21
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they have an obligation to raise the debt ceiling. reporter: democrats say congress have historically raised the debt ceiling on a bipartisan basis. it is about paying bills the government already owes including debt accumulated under the trump administration. >> let's hope they have enough responsibility to our country to honor the constitution reporter: the gridlock could have dire consequences for american workers and businesses, even the global economy. >> the treasury does not cut checks to everyone the government owes money to in a timely way, it would be catastrophic. reporter: the u.s. risks losing nearly 6 million jobs and being unable to make payments to millions of americans, for social security and medicare benefits, and to pay salaries to members of the military. >> if you get a check, you might not get that check. reporter: the federal government will shut down midnight friday. with deadlines looming, democrats are racing to get votes to pass a $1 trillion bipartisan infrastructure bill on the president's broader $3.5 tr
they have an obligation to raise the debt ceiling. reporter: democrats say congress have historically raised the debt ceiling on a bipartisan basis. it is about paying bills the government already owes including debt accumulated under the trump administration. >> let's hope they have enough responsibility to our country to honor the constitution reporter: the gridlock could have dire consequences for american workers and businesses, even the global economy. >> the treasury does not...
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Sep 22, 2013
09/13
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they have to raise the debt ceiling. those talks haven't start zmrd you mentioned the debt kreeblg, we have government shutdown, debt ceiling, we're seeing wall street reacting already. any way out of this? >> there certainly is bianna. a number of ways to compromise on this. the problem right now is the two sides simply aren't talking. as dan said the conversation between the president and john boehner was short. it's congress's responsibility. you have to do it. republicans are taking a similarly hard line. right now, nothing, no progress whatsoever. >> jon, our thanks to you and jon has a big show this morning. the latest on the budget battle and the terror attack in kenya. >>> overnight, other stories developing and for that as always it's mr. claiborne. >> good morning, everyone. >>> in the news president obama calling for tougher gun control laws, since thursday more than 20 people have been killed or wounded in gun violence in chicago. on monday, 12 people were killed at the washington navy yard. speaking at the c
they have to raise the debt ceiling. those talks haven't start zmrd you mentioned the debt kreeblg, we have government shutdown, debt ceiling, we're seeing wall street reacting already. any way out of this? >> there certainly is bianna. a number of ways to compromise on this. the problem right now is the two sides simply aren't talking. as dan said the conversation between the president and john boehner was short. it's congress's responsibility. you have to do it. republicans are taking a...
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Jan 30, 2023
01/23
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ceiling. mccarthy cs alg with raising the debt limit. biden has repeatedly refused to negotiate the debt limit. the white house says the president will ask mccarthy if he intends to meet his constitutional obligation to prevent a national default. talk about lucky. a man in florida just won a million dollars in the lottery game. the 43 year old from delray beach, says he was waiting to buy a ticket at a machine when someone cut in front of him. you know, that's florida for you. instead of arguing, though he went to the counter and bought a $50 scratch off ticket, and that was the million dollar winner. he says the winnings will go towards a home. wow. he should thank that guy who could in front of him that we sure right now to a successful end to a very long ride told you about 19 year old avery suitor a few weeks ago, and at the time he was coming close to ending a 24 100 mile trek from maine to florida on a unicycle. saturday the now 20 year old reached his destination arriving in the florid
ceiling. mccarthy cs alg with raising the debt limit. biden has repeatedly refused to negotiate the debt limit. the white house says the president will ask mccarthy if he intends to meet his constitutional obligation to prevent a national default. talk about lucky. a man in florida just won a million dollars in the lottery game. the 43 year old from delray beach, says he was waiting to buy a ticket at a machine when someone cut in front of him. you know, that's florida for you. instead of...
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May 26, 2023
05/23
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pierre thomas reporting period and the debt ceiling pushing the u.s. closer to the brink of default. one week left, now breaking for the memorial day weekend with no deal. rachel scott asking the house speaker tonight whether americans who count on benefits including veterans should be making alternate plans? his answer here tonight.
pierre thomas reporting period and the debt ceiling pushing the u.s. closer to the brink of default. one week left, now breaking for the memorial day weekend with no deal. rachel scott asking the house speaker tonight whether americans who count on benefits including veterans should be making alternate plans? his answer here tonight.
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Jan 23, 2023
01/23
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we'll get to the debt ceiling in a minute. but i got to start with you, rachel, let's pick where rick klein left off. more americans think what trump did was inappropriate, 77%, but still a majority what biden did was inappropriate, too. this latest discovery makes it worse. >> 64% of americans believe that president biden handled these classified documents inappropriately and that was before we got the news last night of these latest batch of documents that were found. we have no idea just how many. the reality is, this is a political liability for two presidents. one current. one former. one that's already launched a 2024 campaign. one that's expected to launch a 2024 campaign. for republicans, they're looking at one key part last night. the word senate. how far back do these documents go? he spent 36 years in the senate. he left in 2009. that's almost 15 years ago, there are some big questions that president biden needs to answer. >> not only that, has he gone through those documents? the democrats of course are scrambling
we'll get to the debt ceiling in a minute. but i got to start with you, rachel, let's pick where rick klein left off. more americans think what trump did was inappropriate, 77%, but still a majority what biden did was inappropriate, too. this latest discovery makes it worse. >> 64% of americans believe that president biden handled these classified documents inappropriately and that was before we got the news last night of these latest batch of documents that were found. we have no idea...
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Jun 27, 2011
06/11
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debt creeling is $14. -- debt ceiling is $14.3 billion. >>> the obama administration is considering requiring u.s. auto makers to nearly double fuel economy of the cars they make. the "wall street journal" reports that the proposal would require companies that make cars that get 55 miles per gallon by 2025. u.s. auto makers say it would raise the price of a new car by thousands of dollars. the obama administration passed legislation that requires all new cars to average 35 miles a gallon by 2016. >>> 4:43. coming up, a new study reveals the biggest energy user in your home. the results might surprise you. >> also, the next generation helmet for fighter pilots. a south bay company's new technology that helps pilots quickly find and process information without nearly -- >> nearly two dozen states are coping with rising >>> welcome back. if you are leaving us today, it looks like it will be warm in lot of areas. seattle, 74. portland, 81. 80 in boston. look at the 90-degree temperatures from new york all the way from st. louis to dallas. 115 today in phoenix. good news, though, nothing is going
debt creeling is $14. -- debt ceiling is $14.3 billion. >>> the obama administration is considering requiring u.s. auto makers to nearly double fuel economy of the cars they make. the "wall street journal" reports that the proposal would require companies that make cars that get 55 miles per gallon by 2025. u.s. auto makers say it would raise the price of a new car by thousands of dollars. the obama administration passed legislation that requires all new cars to average 35...
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May 19, 2023
05/23
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debt ceiling bill. that legislation calls for nearly $5 trillion in spending cuts before raising the debt ceiling. >> we have made good progress this week, but the work continues. one will get everything they want. justin: some in the president's own party to invoke the 14th amendment, to raise the debt ceiling without congressional approval. >> i have confidence and faith in the president in these negotiations. but i do not have faith in speak of mccarthy. and right wing republican house members. justin: the president says he has considered the 14th amendment option, but knows it could invite legal challenges, while the country would still have no agreed-upon means to guarantee all of its debts are being paid. justin finch, abc news, washington. gloria: a major victory for social media giants. the supreme court protecting facebook, google, and twitter for liability for terror-related content on its platforms. families of americans killed in overseas attacks from terrorists alleged the tech companies ar
debt ceiling bill. that legislation calls for nearly $5 trillion in spending cuts before raising the debt ceiling. >> we have made good progress this week, but the work continues. one will get everything they want. justin: some in the president's own party to invoke the 14th amendment, to raise the debt ceiling without congressional approval. >> i have confidence and faith in the president in these negotiations. but i do not have faith in speak of mccarthy. and right wing republican...
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Jul 31, 2011
07/11
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ceiling. last night speaker john boehner's $900 billion debt reduction plan. >> congress needs a plan from both parties in the house and senate, and it's got to be a plan i can sign by tuesday. >> tuesday at midnight the government loses its power to borrow money. there will be some funds from taxes to pay some bills, but not all. as the deadline creeps closer, pass the senate. wwe know it will not pass the house. my view is it ought to end that charade. >> we're stopping a filibuster. we're doing our gusty stop their stalling on this important piece of legislation. , they meaning the republicans. >> late today the president met with democratic leaders to discuss next steps. >> it's time for the president to tell us what he's for. it's time for the president to outline how we get ou out ou o s cul-de-sac. >> boehner walked on him twice, saying we have to figure it out at the capitol. now he goes back to the president. it's very bizarre. >> the senate meantime hasn't even voted on senator reid'
ceiling. last night speaker john boehner's $900 billion debt reduction plan. >> congress needs a plan from both parties in the house and senate, and it's got to be a plan i can sign by tuesday. >> tuesday at midnight the government loses its power to borrow money. there will be some funds from taxes to pay some bills, but not all. as the deadline creeps closer, pass the senate. wwe know it will not pass the house. my view is it ought to end that charade. >> we're stopping a...
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Jun 27, 2011
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. >> the white house is warning congress if does it not raise the debt ceiling, the u.s. could default on the financial debt for the first time in history. >> still head on the news at 4:00 a top member of the president's administration speaking out in favor of same-sex marriage. >> and an arrest warrant for muammar gaddafi? the international criminal court said enough is enough. >> fog coming in at golden gate toll plaza. then, we'll talk to sandhya with travel weather plan autos if you're traveling out of sfo there is arriveals delay yeahed now. if you're picking someone up, you'll be slowed down there. and if you're traveling into jfk, there is rain come together bay area, possibility of thunderstorms tomorrow, i'll be back with a full forecast later on. >>> national parks service released drawings of the flight 93 memorial being built in shanksville, said to be dedicated in time for this fall's 10th anniversary of the september 11th attacks this, is a photo that should look like this illustration when finished. and there is a pair of white marble walls framing the ent
. >> the white house is warning congress if does it not raise the debt ceiling, the u.s. could default on the financial debt for the first time in history. >> still head on the news at 4:00 a top member of the president's administration speaking out in favor of same-sex marriage. >> and an arrest warrant for muammar gaddafi? the international criminal court said enough is enough. >> fog coming in at golden gate toll plaza. then, we'll talk to sandhya with travel weather...
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we're live on both sides of the border. >>> debt ceiling showdown.
we're live on both sides of the border. >>> debt ceiling showdown.
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could to fold on its debt june 1 if no deal is reached to raise the debt ceiling. president biden is inviting congressional leaders to the white house to distress -- discuss steps. kumasi: the warriors nba playoff journey continues tonight at chase center, taking on the lakers for game one. tip-off at 7:00 p.m.. aqui vote over and prairie housing in santa clara for on house residents off the quarter of -- the profit on the corner of bentonav on-site case management and staff 24/7. residents who oppose the project say they have more than 5000 signatures for a petition against it. >> you have a group of people, we don't know the percentage, those that are drug-related issues and those that do need a shelter so they can get a job. >> to me the issue is bigger than fear. it is about helping people, adding them off the streets and into housing. kumasi: the santa clara county board of supervisors is scheduled to vote at the meeting at 5:00 tonight. reggie: oaklands mayor has a spending plan to invest in housing and education while closing the deficit. she released her pr
could to fold on its debt june 1 if no deal is reached to raise the debt ceiling. president biden is inviting congressional leaders to the white house to distress -- discuss steps. kumasi: the warriors nba playoff journey continues tonight at chase center, taking on the lakers for game one. tip-off at 7:00 p.m.. aqui vote over and prairie housing in santa clara for on house residents off the quarter of -- the profit on the corner of bentonav on-site case management and staff 24/7. residents who...
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the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government workers. i cannot pay my mortgage. but i am expected to go to work every day as a counselor in a federal prison. we want to hear from you. up load your video using the hash tag, tell washington. >>> it is affecting california 's ability to fight wildfires. 2,000 federally paid service technicians are furloughed as part of the shutdown. they maintain the guard's cargo planes and helicopters that respond to wildfires. 14 of which just returned from the big fire in yosemite. >>> a pair of red flag warnings have been issued for the bay area because of dry, wind econ decisions in the san thank you cruz mountains and the east bay hills. cal fire increased staffing in those areas just in case the firebreaks
the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government workers. i cannot pay my mortgage. but i am expected to go to work every day as a counselor in...
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May 19, 2023
05/23
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and there could be progress in the fight to avoid debt ceiling crisis. president biden how speaker mccarthy say they are finding common ground. then the preacher lurking in one north bay lake. the prehistoric animal that got a lot of people talking. just fyi, it looks very scary. i am not a turtle person. oh my goodness. i want to see this story. it will shock you. spencer: a little creepy looking. jobina: it is friday. we made it to the end of the week. spencer: we are happy to be here. here is a look at what is going on with the weather. we have lingering low clouds. later in the morning we will see the low clouds and fog go back. there is still a chance of spotty drizzle into all the stuff goes back to the coast and that will give way to mainly sunny skies. ses.ll change as the d highemra om 50's at the cst. wendy and gusty at the coast. upper 70's to low 80's inland. sue has a look at friday morning traffic. sue: we are going to walnut creek with a look at southbound 680 and northbound. unfortunately we had two labs, black lab and a yellow lab runnin
and there could be progress in the fight to avoid debt ceiling crisis. president biden how speaker mccarthy say they are finding common ground. then the preacher lurking in one north bay lake. the prehistoric animal that got a lot of people talking. just fyi, it looks very scary. i am not a turtle person. oh my goodness. i want to see this story. it will shock you. spencer: a little creepy looking. jobina: it is friday. we made it to the end of the week. spencer: we are happy to be here. here...
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Jul 15, 2011
07/11
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ceiling is not raised the federal government will default on its debt while immediately confronting the fact that it spends far more than it takes in. let's take a look at our books. next month the government will take in $172 billion in taxes. but it will owe $307 billion. the government will be forced to choose. after paying the interest on our debt, the government could pay for social security, medicare, medicaid, troop salaries, veterans' benefits, homeland security, unemployment insurance, tax refunds, education, and the faa. but that means it would not fund the centers for disease control, food stamps, aid for the needy, federal housing, energy, and the highway programs, the fbi, and much, much more. a democrat familiar with negotiations said at the most recent meeting there was a growing recognition that they needed to put aside the talking points and get to work. but the clock is ticking. jake tapper, abc news, the white house. >>> mexican soldiers have discovered a 300-acre marijuana plantation, the largest ever found in that country. the field in baja california was covere
ceiling is not raised the federal government will default on its debt while immediately confronting the fact that it spends far more than it takes in. let's take a look at our books. next month the government will take in $172 billion in taxes. but it will owe $307 billion. the government will be forced to choose. after paying the interest on our debt, the government could pay for social security, medicare, medicaid, troop salaries, veterans' benefits, homeland security, unemployment insurance,...
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May 23, 2023
05/23
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. >> tonight, breaking news and the debt ceiling talks. the idaho college murders with the suspect in the courtroom. shark attacks in the east and we are tracking severe alex! mateo, hey how's business? great. you know that loan has really worked wonders. that's what u.s. bank is for. and you're growing in california? -yup, socal, norcal... -monterey? -all day. -a branch in ventura? that's for sure-ah. atms in fresno? fres-yes. encinitas? yes, indeed-us. anaheim? big time. more guacamole? i'm on a roll-ay. how about you? i'm just visiting. u.s. bank. ranked #1 in customer satisfaction with retail banking in california by j.d. power. dan: high school graduation classes all -- often include words like resiliency. ama: 15 high have graduated. >> open high school's class 2023 will probably best be known as surviving the pandemic during the years that shape their lives. what makes the graduating class so special? they were freshmen when covid shut down in person learning. they had to pay for and attend classes online. >> i did not me or push me
. >> tonight, breaking news and the debt ceiling talks. the idaho college murders with the suspect in the courtroom. shark attacks in the east and we are tracking severe alex! mateo, hey how's business? great. you know that loan has really worked wonders. that's what u.s. bank is for. and you're growing in california? -yup, socal, norcal... -monterey? -all day. -a branch in ventura? that's for sure-ah. atms in fresno? fres-yes. encinitas? yes, indeed-us. anaheim? big time. more guacamole?...
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the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government i ca i cannot pay my mortgage. but i am expected to go to work every day as a counselor in a federal prison. we want to hear from you. up load your video using the hash tag, tell washington. >>> it is affecting california 's ability to fight wildfires. 2,000 federally paid service technicians are furloughed as part of the shutdown.n the they maintain the guard'so pland cargo planes and helicopters that respond to wildfires. 14 of which just returned from the big fire in yosemite. >>> a pair of red flag warnings have been issued for the bay area because of dry, wind econ decisions in the san thank you cruz mountains and the east bay hills. cal fire increased staffing in those areas just in case the fi
the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government i ca i cannot pay my mortgage. but i am expected to go to work every day as a counselor in a...
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kumasi: the debt ceiling roundtable will be may 9. economists warned that a default could plunge the u.s. and other countries into severe recession. reggie: investigation into excessive force by police. two officers confronted a gardener drinking beer with friends. it quickly turned violent with man suffering a broken nose, and a sold -- shoulder injury. the investigation is over but the police chief needs another week to decide if the officers should be disciplined. many watching this were not happy. >> for nine months, you have dragged this on and it impacts us. it impacts me, and my body. >> trust has been compromised. the longer it takes it will take to rebuild trust. reggie: the incident may never be released because of the officers right to privacy. kumasi: trying to alleviate the fire fighters shortage. the department wants to bring more women and people of color to the service. they are expanding by teaming up. it will soon offer recruits housing closer to their classes. >> it is kind of kumasi: they hire right now. facilities
kumasi: the debt ceiling roundtable will be may 9. economists warned that a default could plunge the u.s. and other countries into severe recession. reggie: investigation into excessive force by police. two officers confronted a gardener drinking beer with friends. it quickly turned violent with man suffering a broken nose, and a sold -- shoulder injury. the investigation is over but the police chief needs another week to decide if the officers should be disciplined. many watching this were not...
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Jul 28, 2011
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. >> house speaker john boehner tries rally conservatives to raise the debt ceiling. i'll have details coming up. >> a little later a follow-up, they come to the rescue of a bay area animal shelter on the verge of shutting its doors.3q lysol knows a real clean is something you see and smell. lysol no mess automatic toilet bowl cleaner cleans your toilet and freshens your bathroom with every flush. so it's always at its freshest. >>> good morning, it's 4:43. a live picture of the embarcadero in san francisco. traffic is fine but we do have some low clouds, maybe a little drizzle in coastal areas on this side of the bay. if you wanted clear skies, we'll talk to mike and change in the forecast coming up. >>> in the news, your airline might owe you a refund but had there is a chance you may not get i. most airlines adjust fares to reflect the tax but they raise them equal to the amount of the tax. now, the irs is asking airlines to refinanced taxes to people who bought tickets before land weekend but just now are taking their trips. catch is airlines are not required to i
. >> house speaker john boehner tries rally conservatives to raise the debt ceiling. i'll have details coming up. >> a little later a follow-up, they come to the rescue of a bay area animal shelter on the verge of shutting its doors.3q lysol knows a real clean is something you see and smell. lysol no mess automatic toilet bowl cleaner cleans your toilet and freshens your bathroom with every flush. so it's always at its freshest. >>> good morning, it's 4:43. a live picture...
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Jan 19, 2023
01/23
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ceiling is air -- a constitutional response ability. >> raising the debt ceiling does not mean more spending, but allows the government to pay its existing debts. not doing so, quote, would cause irreparable harm to the united states economy. >> shattered car glass on bay area streets, some of the culprits are caught on video. >> is anybody looking like they might try to hurt me, maybe do i look like craig? >> taking matter -- a. >> how your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. inlical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. building a better bay area, moving forward, finding solutions, this is abc 7 news. camera, thieves casually special core -- car windows open to make a score. it is all it takes, and it is certainly not a new trend. >> we show you the damage into diff
ceiling is air -- a constitutional response ability. >> raising the debt ceiling does not mean more spending, but allows the government to pay its existing debts. not doing so, quote, would cause irreparable harm to the united states economy. >> shattered car glass on bay area streets, some of the culprits are caught on video. >> is anybody looking like they might try to hurt me, maybe do i look like craig? >> taking matter -- a. >> how your brain is an amazing...
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Jul 27, 2011
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the senate debt raises the debt ceiling to 2013. while the house version only raises the debt ceiling until next spring, meaning, we go through this debate all over again. and that is a process the president opposes. the debt ceiling increase must be passed by august 2nd in order to avoid default. americans are fed up. a new abc news/"washington post" poll finds president obama's approval ratings when it comes to the economy are at an all-time low of 39%. for republicans it's 28%. tanya and rob? >>> after first announcing he would not seek re-election next year, congressman david wu now says he's going to resign following a sex scandal. the seven-time oregon democrat is accused of an unwanted sexual encounter with the 18-year-old daughter of a campaign contributor. wu claims the encounter was consensual. he says he will step down as soon as the debt ceiling crisis has been resolved. >>> some harsh criticism for norway's police force after friday's mass murders. questions are being raised over why it took more than 90 minutes for an
the senate debt raises the debt ceiling to 2013. while the house version only raises the debt ceiling until next spring, meaning, we go through this debate all over again. and that is a process the president opposes. the debt ceiling increase must be passed by august 2nd in order to avoid default. americans are fed up. a new abc news/"washington post" poll finds president obama's approval ratings when it comes to the economy are at an all-time low of 39%. for republicans it's 28%....
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Jul 26, 2011
07/11
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ceiling that the markets are looking for. >> president obama addressed the debt issue in a speech before a latino rights group, insisting on a balance add approach, one where wealthyest americans may what he calls their fair share. president obama will address the nation at 6:00 p.m. tonight. we're going bring you that live right here on abc 7. >> construction of a new air traffic control tower at oakland international airport is on toeld hold tonight due to congress's failure to fund the faa. the last funding bill expeerd -- ism pired on midnight, friday, resulting in a partial shut down, now, construction projects at 19 airports including a $31 million project in oakland are in jeopardy. transportation secretary ray lahood says he's depanding action from congress. >> thousands of construction workers around the country and hundreds of construction workers in california that have lost their jobs because congress has not taken action. >> air traffic controllers are still on the job, but thousands of other faa employees are furloughed. also means several federal taxes have expire bud a nu
ceiling that the markets are looking for. >> president obama addressed the debt issue in a speech before a latino rights group, insisting on a balance add approach, one where wealthyest americans may what he calls their fair share. president obama will address the nation at 6:00 p.m. tonight. we're going bring you that live right here on abc 7. >> construction of a new air traffic control tower at oakland international airport is on toeld hold tonight due to congress's failure to...
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he says the global downturn and refusal to raise the debt ceiling are part to blame. >> problems in greece and europe over uncertainty whether the debt limited here in the united states will be raised have also made businesses hesitant to invest. >> it does not make sense for americans to suffer under higher taxes in an economy like this. >> republican leaders say there will be no deal on the debt ceiling unless democrats agree to cut taxes. >>> some firefighters have voted to take a pay cut to help the city. the union has voted to slash pay for 8.8% for the next three years. firefighters will make larger contributions to their pensions. oakland has been able to trim about $40 million from the $58 million deficit thanks to give backs from several unions. >>> the space shuttle atlantis blasted off for the final space shuttle mission. >> two, one, zero and liftoff! >> a million peach watched from the kennedy space center as the crew of four lifted off. they will bring critical supplies including food to the international space station. employees in mountain view celebrated. >>> within 24 hou
he says the global downturn and refusal to raise the debt ceiling are part to blame. >> problems in greece and europe over uncertainty whether the debt limited here in the united states will be raised have also made businesses hesitant to invest. >> it does not make sense for americans to suffer under higher taxes in an economy like this. >> republican leaders say there will be no deal on the debt ceiling unless democrats agree to cut taxes. >>> some firefighters have...
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Jul 10, 2011
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and that is raising the stakes in this crisis over raising the debt ceiling and coming to an overall debt reduction deal. >> all right. christiane, thanks to you, on the game of political chicken playing out tomorrow. with that big white house meeting coming, christiane will go inside the negotiations with white house chief of staff, bill daley. he'll speak exclusively to christiane tomorrow morning, right here on abc's "this week." >>> now, to the birth of a nation in africa tonight. south sudan is now its own country. tens of thousands celebrated independence, dancing in the streets. marking the end of a long and bloody struggle. the tribes of south sudan and the mainly arab north have been fighting on and off for more than 50 years now. >>> there was another bold headline from africa this weekend. a plea from the u.n. over the worsrsening drought. refugee camps are bein overwhelmed by people fleeing devastating drought and food shortages. up to 10 million people in five countries are affected. relief agencies are appealing for help around the world in feeding them. >>> and there i
and that is raising the stakes in this crisis over raising the debt ceiling and coming to an overall debt reduction deal. >> all right. christiane, thanks to you, on the game of political chicken playing out tomorrow. with that big white house meeting coming, christiane will go inside the negotiations with white house chief of staff, bill daley. he'll speak exclusively to christiane tomorrow morning, right here on abc's "this week." >>> now, to the birth of a nation in...
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. >> another budget crisis arrives in 10 day when congress must raise the debt ceiling sought u.s. can pay the bills. if the debt cell is not raised the u.s. will default first time ever in its history possibly triggering another recession. >> federal aviation administration announced today recalling 600 furlough employee that work at the office of aviation safety more than 15,000 faa workers were taken off the job last week because of the shut down. with you nuclear regular willtory commission says it expects to furlough 3900 employee by nurse no deal is struck between the president and congress. those workers keep an eye on the newshawk power plants. 300 essential personnel will stay on. >> breaking news tonight. fire starts in home being illegally used in do you want san jose. firefighters arrive 8:45 tonight at the home on north 7th street. saw flames and smoke pouring out of the basement. firefighters had a difficult time getting to it because the window covered with bars and fir captain said the basement has illegal electrical wiring and activity inside was for illegal use. r
. >> another budget crisis arrives in 10 day when congress must raise the debt ceiling sought u.s. can pay the bills. if the debt cell is not raised the u.s. will default first time ever in its history possibly triggering another recession. >> federal aviation administration announced today recalling 600 furlough employee that work at the office of aviation safety more than 15,000 faa workers were taken off the job last week because of the shut down. with you nuclear regular...
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09/13
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. >> there's another crisis, the debt ceiling. if they don't raise the government spending limit, the u.s. could default on its massive debt. the vote to raise the debt ceiling could turn nasty. >> we just need washington to pause, reflect and see what is possible in our great nation. >> abc news. >>> now if an agreement is not reached by the end of the month, how would a government shut down affect you? social security payments could be delayed and new claims may not be processed. core service lake medicare and the veterans benefits will continue, but new filers may have problems with agencies being understaffed. the parts of the government that protect our national security and safety will remain open, but other government offices would close. visits to the national parks, museums and zoos would have to be postponed because they would likely shut down. traveling abroad may also post problems. the state department would likely have to halt new passport and visa applications and hundreds of thousands of federal workers could expec
. >> there's another crisis, the debt ceiling. if they don't raise the government spending limit, the u.s. could default on its massive debt. the vote to raise the debt ceiling could turn nasty. >> we just need washington to pause, reflect and see what is possible in our great nation. >> abc news. >>> now if an agreement is not reached by the end of the month, how would a government shut down affect you? social security payments could be delayed and new claims may not...
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May 27, 2023
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ama: download the abc7 >> and 11th hour extension on debt ceiling talks. janet yellen issuing a deadline to raise the debt
ama: download the abc7 >> and 11th hour extension on debt ceiling talks. janet yellen issuing a deadline to raise the debt
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Jan 16, 2023
01/23
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ceiling, we have the treasury department warning we hit the debt ceiling in a few days. possibly massive repercussions if the debt ceiling isn't raised by the summer. let me play what kevin mccarthy had to say about this. >> if you have a child and give them a credit card and they spend the limit so you increase the limit again and again and again, when does it end? we've got to change the way we are spending money wastefully in this country. >> now, rachael, you can quibble with his analogy here because money that's already been spent, but, but the white house is saying they won't negotiate with republicans. i mean how real is a default here? >> we were talking about this in the green room and the reality is republicans won the house. you're absolutely right so he'll have to do some sort of negotiation. the problem is, often when you take something like this hostage it sort of blows up in your face here politically in washington. remember donald trump shut the government down to try to get border wall money and didn't get a penny for it. schumer and pelosi did the same
ceiling, we have the treasury department warning we hit the debt ceiling in a few days. possibly massive repercussions if the debt ceiling isn't raised by the summer. let me play what kevin mccarthy had to say about this. >> if you have a child and give them a credit card and they spend the limit so you increase the limit again and again and again, when does it end? we've got to change the way we are spending money wastefully in this country. >> now, rachael, you can quibble with...
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07/11
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the deal would raise the debt ceiling by $2.8 trillion with spending cuts of roughly $1 trillion and there would be a special committee to recommend additional cuts f if they don't approve it by december automatic cutting into effect. >> i'm confident that we're going to get an agreement in the very near future. >> the clock is running down. at midnight tuesday uncle sam's credit card max's out. they seem to be closing in on deal but senate majority leader was less optimistic. >> they should know that having a than agreement in front of the television cameras doesn't make it so. >> republicans passed a $900 billion budget deal but democrats killed it in the senate. >> we don't have time. >> the house rejected a plan by harry reid before the senate could even vote on it. >> president obama received an update here at the white house from democratic congressional leaders. lawmakers continue to work around the clock but time is running out. >>> a california is making preparations just in case the tentative deal falls through. mark leno says lawmakers have to budge. >> compromise is what
the deal would raise the debt ceiling by $2.8 trillion with spending cuts of roughly $1 trillion and there would be a special committee to recommend additional cuts f if they don't approve it by december automatic cutting into effect. >> i'm confident that we're going to get an agreement in the very near future. >> the clock is running down. at midnight tuesday uncle sam's credit card max's out. they seem to be closing in on deal but senate majority leader was less optimistic....
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larry: let's get to the ceiling we could probably do hours on the debt ceiling. it was enacted back in 1917 to make it easier to supply government borrowing. it has become a political tool for one party to get the changes they want implemented. people may not realize this all of congress agreed on this budget months ago. this is round two, the budget renegotiation. you can question why the whole process even exists right now, what happens next? >> there have been efforts in congress to get away with a congressional action on raising the debt limit. the debt limit is in fact bills you already have. it is like going to your critic our company after you have made all these purchases and say, i want you to discount why i -- what i owe. i want you to reduce my cost. we owe this money and we want to pay it, during the trump there was raised about raising the debt ceiling. this is used by mccarthy in particular to try and extract some pound of flesh from the president. mind you if we do, 18 across the budget, we do not want to cut the military, we do not want to cut hom
larry: let's get to the ceiling we could probably do hours on the debt ceiling. it was enacted back in 1917 to make it easier to supply government borrowing. it has become a political tool for one party to get the changes they want implemented. people may not realize this all of congress agreed on this budget months ago. this is round two, the budget renegotiation. you can question why the whole process even exists right now, what happens next? >> there have been efforts in congress to...
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Jul 28, 2011
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. >> the revised bill will raise the debt ceiling by $900 billion and cut government spending but it would make congress revisit the issue in six months. tea party wants more cuts than the debt limit and that has sparked criticism from a key republican. >> the idea seems to be that if the gop refuses to raise the debt ceiling a gradual government shut down will ensue and the public will turn en masse against president obama. >> harry reid has hits own proposal. he says even if the boehner bill gives the meets the 217 votes in the house it's dead on arrival in the senate. >> a few extremist republicans try to drive us off a cliff. >> white house said today the country shouldn't have to go through this again as the republican bill would require. they are four days away from the first government default on the debt. >> transportation secretary is urging lawmakers to restore funding for the federal aviation administration. 4,000 faa employees and on 70,000 airport construction workers had to be furloughed on friday when congress couldn't agree to extend the operating authority. a deal fe
. >> the revised bill will raise the debt ceiling by $900 billion and cut government spending but it would make congress revisit the issue in six months. tea party wants more cuts than the debt limit and that has sparked criticism from a key republican. >> the idea seems to be that if the gop refuses to raise the debt ceiling a gradual government shut down will ensue and the public will turn en masse against president obama. >> harry reid has hits own proposal. he says even if...
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Jul 13, 2011
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some tea party favorites deny a crisis exists. >> i know i'm raising the debt ceiling now. >> this republican presidential candidate is backing a bill prioritize spending. pay military salaries first, then principal and interest on the debt. there is no mention of what would not get paid. >> president obama is holding the season for the united states hostage so he can continue a spending free. >> frustration is evident at the white house. >> some seem to believe that this is not a serious and consequential situation. >> the new york stock exchange has not tanked over fierce but after the market closed this afternoon, the rating agency announced it's purting the u.s. on review for a possible down grading in there is not substantial progress on the debt deal coming up in the next week. >> mark what are the money managers telling their clients? are they worried about this? >> we heard from bruce jessa. he says there are owe calls out of the 200 families he finances for. he says in one case, the woman got so panicky. she sold everything and started to put money in real estate and paid a substanti
some tea party favorites deny a crisis exists. >> i know i'm raising the debt ceiling now. >> this republican presidential candidate is backing a bill prioritize spending. pay military salaries first, then principal and interest on the debt. there is no mention of what would not get paid. >> president obama is holding the season for the united states hostage so he can continue a spending free. >> frustration is evident at the white house. >> some seem to believe...
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well, the showdown over the debt ceiling has been averted, but the fight over the national debt and the deficit has only just begun. there was no official ceremony today. the president's signature came in private. earlier, as the bill made its way from the senate to the white house, mr. obama sounded less than enthusiastic in the rose garden. >> congress has now approved a compromise to reduce the deficit and avert a default that would have d dastated the economy. >> reporter: who decides what to cut? ms. of the deficit reduction will be proposed by a so-called super committee. it's an unusual process. a dozen members of congress who in november will prerent the entire congress with a package of $1.5 trillion in deficit reduction. congress will not get to haggle. it will be take it or leave it. an unprecedented way of trying to make tough budget decisions. >> the normal way we do business wassed adequate, we wouldn't ha $14 trillion in debt. >> reporter: and there is major incentive to come up with these cuts, a sword of damages hanging overerheir heads, which previous commit teals have
well, the showdown over the debt ceiling has been averted, but the fight over the national debt and the deficit has only just begun. there was no official ceremony today. the president's signature came in private. earlier, as the bill made its way from the senate to the white house, mr. obama sounded less than enthusiastic in the rose garden. >> congress has now approved a compromise to reduce the deficit and avert a default that would have d dastated the economy. >> reporter: who...
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Dec 30, 2012
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we're at risk of defaulting because we've hit the debt ceiling. the president says he doesn't want to negotiate at all on this. i'm wondering what your position on this is, governor pawlenty, because i remember full well what you were arguing during the republican primaries, making the case that the republicans should not give in and raise the debt ceiling unless they got a big price. take a listen. >> i've said all along don't do it unless you get something really good for it if you have to draw some lines in the sand. it's also a moment where you can push people's backs against the wall and get something significant. >> so you're now head of the financial services roundtable. is it still your position that republicans should push the president against the wall and not give in on the debt ceiling? >> well, the financial services is part of the economy, as well as the economy more broadly wants to avoid the cliff. we don't want a howard dean scream as the country bungee jumps into the cliff. >> a low. >> you might need one. i was right then, and i
we're at risk of defaulting because we've hit the debt ceiling. the president says he doesn't want to negotiate at all on this. i'm wondering what your position on this is, governor pawlenty, because i remember full well what you were arguing during the republican primaries, making the case that the republicans should not give in and raise the debt ceiling unless they got a big price. take a listen. >> i've said all along don't do it unless you get something really good for it if you have...
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currently, the debt is at 14.2 trillion, and the government's debt ceiling is at 14.3 trillion. if congress doesn't agree thatto raise that ceiling, the government will run out of money. >> the government will have to shut down or default on the national debt or something and do something extreme. >> the director of uc berkeley for the policy finance said don't worry about the government defaulting on the national debt. the consequences of refusing to pay interest to china would be catastrophic. imagine what would happen if you quit paying on your credit card. the option will be a partial government shut down to cap spending. >> the closest example is from president clinton's confrontation with congress. the government did shut down, but it didn't last long because voters got angry. >> it ended when congress saw it was not turning out well for congress and so they got back to work. >> both sides are trying to do that now and they share a goal of trimming trillions from the national debt. but the president's plan called for a trillion in taxes. that is a nonstarter for the house
currently, the debt is at 14.2 trillion, and the government's debt ceiling is at 14.3 trillion. if congress doesn't agree thatto raise that ceiling, the government will run out of money. >> the government will have to shut down or default on the national debt or something and do something extreme. >> the director of uc berkeley for the policy finance said don't worry about the government defaulting on the national debt. the consequences of refusing to pay interest to china would be...
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May 27, 2023
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lawmakers trying to strike a debt ceiling deal. abc's elizabeth schulze at the white house with more on what we now no. good morning. >> reporter: good morning. after days of deadlock, president biden and gop lawmakers say they are closing in on a deal to raise the debt ceiling as they now face the new deadline of june 5th before the u.s. government runs out of cash. asked about how these negotiations are going, putting biden said last night things are looking good. adding he is optimistic a deal will get done. he acknowledged that stricter work requirements for some federal aid programs like food stamps have been a key sticking points. sources tell us a possible deal could limit government spending and raise the nation's $31 trillion borrowing limit past the 2024 presidential election. late friday, treasury secretary janet yellen did find negotiators more time, saying that the government will be unable to pay its bills on june 5th. yellen underscored the urgency that this needs to get the saying that payments for social security o
lawmakers trying to strike a debt ceiling deal. abc's elizabeth schulze at the white house with more on what we now no. good morning. >> reporter: good morning. after days of deadlock, president biden and gop lawmakers say they are closing in on a deal to raise the debt ceiling as they now face the new deadline of june 5th before the u.s. government runs out of cash. asked about how these negotiations are going, putting biden said last night things are looking good. adding he is...
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Jan 15, 2013
01/13
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he talked about the debt ceil saying if congress does not work with him to raise the debt ceiling america will be in default and we my have to sell florida. >> watch jimmy kimmel live weeknights right here on abc7 at the new time following abc7 news at 11 and "nightline" is on right after that. >> lebanese -- leave disneyland and the cracked crab >> welcome back on the 4th anniversary of "miracle on the hudson." "sully" sullenberger joins katie about the incredible emergency landing. >> of all people to be piloting that lane, thank goodness it was you. i get on a plane and i think, sully? anyone named sully on this plane. >> i appreciate that and when i travel as a passenger i have people recognize me and they say i feel better knowing you are here. >> i look for him in the cockpit, as well. that is katie at 3:00 p.m. right here on abc7. >> good show. >> 5:23. great mighting that day. amazing to see the pictures. >> now, outside, it is darn cold. >> do we want do? mike, what are we facing? >> freezing temperatures in a lot of areas but this afternoon we are going to chip away at this air
he talked about the debt ceil saying if congress does not work with him to raise the debt ceiling america will be in default and we my have to sell florida. >> watch jimmy kimmel live weeknights right here on abc7 at the new time following abc7 news at 11 and "nightline" is on right after that. >> lebanese -- leave disneyland and the cracked crab >> welcome back on the 4th anniversary of "miracle on the hudson." "sully" sullenberger joins katie...
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Jul 26, 2011
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understand, raising the debt ceiling does not allow congress to spend more money. it simply gives our country the ability to pay the bills t that congress has already racked up. in the past, raising the debt ceiling was routine, since the 1950s congress has always passed it and every president has signed it. president reagan did it 18 times. george w. bush did it 7 times. and we have to do it by next tuesday, august 2nd or else we won't be able to pay all of our bills. unfortunately, for the past several weeks, republican house members have essentially said that the only way they'll vote to prevent america's first ever default is if the rest of us agree to their deep spending cuts only approach. if that happens and we default, we would not have enough money to pay all of our bills, bills that include monthly social security checks, veterans' benefits and the government contracts we've signed with thousands of businesses. for the first time in history, our country's aaa credit rating would be downgraded leaving investors around the world to wonder whether the united
understand, raising the debt ceiling does not allow congress to spend more money. it simply gives our country the ability to pay the bills t that congress has already racked up. in the past, raising the debt ceiling was routine, since the 1950s congress has always passed it and every president has signed it. president reagan did it 18 times. george w. bush did it 7 times. and we have to do it by next tuesday, august 2nd or else we won't be able to pay all of our bills. unfortunately, for the...
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Apr 18, 2011
04/11
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today, timothy geithner talked about the risks of not raiding the debt ceiling. >> we would tip the u.s. economy and the world economy back into recession and depression. it would make the last crisis look like a modest crisis. >> alan: he said house republicans have assured the president they will vote to raise the debt limit. >>> up next, the tax filing deadline is just a day away. how much we're saving with tax deductions. and there is a chance of rain in the forecast. leigh glaser will tell you about that. >> mike: the giants and a's going in different directions. the d-men lose a heartbreaking in arizona, and trevor cahill >> alan: as the tax filing deadline nears, half of americans pay no income taxes at all because there are so many tax breaks that in 2010, 45% of u.s. house hold were able to restitution their tax liability to zero. an independent watchdog group that's the tax code gives americans $1 trillion a year in credits, deductions and exemptions. among the biggest tax breaks, the home mortgage interest deduction which saves americans $77 billion. next is the $1,000 per ch
today, timothy geithner talked about the risks of not raiding the debt ceiling. >> we would tip the u.s. economy and the world economy back into recession and depression. it would make the last crisis look like a modest crisis. >> alan: he said house republicans have assured the president they will vote to raise the debt limit. >>> up next, the tax filing deadline is just a day away. how much we're saving with tax deductions. and there is a chance of rain in the forecast....
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Dec 12, 2012
12/12
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the president has been trying to pull that debt ceiling deadline into any agreement but that would require sort of a megadeal. at this point a muddled deal more likely. there is that talk that the end of the year deadline everybody is talking about could be pushed into the first couple weeks of the new year. how is that for muddle something. >> oh, boy. >> i think republicans are over a barrel now. >> thanks mark. >> the national transportation safety board concluded a distracted driver in a truck with bad brakes was the likely cause of an amtrak collision that killed six people last year. a truck slammed into the side of a train. in a hearing in washington today national transportation safety board said the crossing guard arm was down and warning lights were flashing and plenty of time for the driver to stop. they are not sure why he didn't act sooner. if brakes had been properly maintained and applied a second and a half earlier they say this accident could have been avoided. >> british bank hsbc will pay a $1.9 kbrinl fine following a money laundering probe. authorities accused bank of
the president has been trying to pull that debt ceiling deadline into any agreement but that would require sort of a megadeal. at this point a muddled deal more likely. there is that talk that the end of the year deadline everybody is talking about could be pushed into the first couple weeks of the new year. how is that for muddle something. >> oh, boy. >> i think republicans are over a barrel now. >> thanks mark. >> the national transportation safety board concluded a...
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. >> debt deficit reduction on how to go forward on the debt ceiling. so we just have to find the way. and we have to find a path they can go down. but if they keep moving the goal post and won't accept their own number, as leader says it's -- if they don't take yes for an answer, i can only conclude they wanted to shut down government. that they think that that has a purpose for them. we know what that is. and that is not what our constitution had in mind. if you don't like something, you threaten to shut down government sou don't -- it's not that kind of a system. in any event, ever optimistic, because mump is at stake i'm hope envelope conversations we heard each other and that we'll be able to find a place to go to the budget table, six months after we were supposed to, and discuss the budget that can be helpful because next challenge is lifting the debt ceiling. it was a worth while meeting. i'm glad it was held, as they would say, some candid discussions. would you say, mr. leader? and without going to that. >> they're talking about here are meeti
. >> debt deficit reduction on how to go forward on the debt ceiling. so we just have to find the way. and we have to find a path they can go down. but if they keep moving the goal post and won't accept their own number, as leader says it's -- if they don't take yes for an answer, i can only conclude they wanted to shut down government. that they think that that has a purpose for them. we know what that is. and that is not what our constitution had in mind. if you don't like something,...
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ceiling. this democratsym intond raise the debt limit withoutxd unrelated conditions republicans said they've had to seek. the white house signaled it will extend borrowing. >> last night's earthquake under scores an impact of the federal governmentç shut down. >> thoun one aszv on duty tofá help identify location and magnitude. >> david louie is live ask x@ç rememberoes in the contract.r david? >> well, dan, carolyn usgs says in the event of a major earthquake they will come back to work. however, for the time being it means their work is shifting to uc berkeley. the only vehicles in the license plates there. was vop one to drive them. offices remain closed. >> that mean there is no one monitoring size mow grafts. it shifted work to uc berkeley and caltech saying it's a work shabl -- workable solution for now. >> if out longer who knows whether computer systems will continue to run. if systems for collecting data goes down, then, probably >> furloughs spreading to contractors, lockheed m
ceiling. this democratsym intond raise the debt limit withoutxd unrelated conditions republicans said they've had to seek. the white house signaled it will extend borrowing. >> last night's earthquake under scores an impact of the federal governmentç shut down. >> thoun one aszv on duty tofá help identify location and magnitude. >> david louie is live ask x@ç rememberoes in the contract.r david? >> well, dan, carolyn usgs says in the event of a major earthquake they...